Silver rose with gold on a day when the precious metals were underpinned by a weak U.S. dollar and strong Chinese import data that reflected favorably on demand for all commodities. Silver opened at 28280 and gathered momentum as the session started, quickly climbing to a high of 28590. It could not sustain this level long as dealers took profit. Persistent selling throughout most of the trading day pulled the metal and later settled just above its lows at 28434.Now support for the silver is seen at 28279 and below could see a test of 28125. Resistance is now likely to be seen at 28589, a move above could see prices testing 28745.

Trading Ideas:

Silver trading range is 28000-28800.

Silver rose yesterday as per expectation with gold on weak dollar

Silver is having resistance at 28590 and support at 28280 level

In spot silver is having support of 18.40$ and resist of 18.68$.

BUY SILVER MAR @ 28150-200 SL 28000 TGT 28265-28322-28390-28465.MCX